CLC Financial Assistance
A Cornerstone Learning Community education is not only an investment in your child’s future, it is an investment in the future of our community. Our talented faculty, comprehensive programs, personalized experiences, and school community allow us to inspire and empower compassionate, global learners each and every day. While we attempt to assist families who qualify for financial aid, we also expect that every family will make an appropriate financial contribution toward the cost of their child’s education.
Investing In The Future
MISSION: Cornerstone Learning Community’s Financial Aid program exists to:
- Provide as many students as possible with the opportunity to attend CLC’s world class program regardless of a family’s ability to pay the full cost of tuition.
- To ensure a more socially and economically diverse range of families are able to attend CLC, enriching both the lives of each individual student and our entire school community.
Please read and become familiar with our Guidelines and Financial Aid Policy below. Should you have any questions regarding the financial aid process, please contact Carole Robards, Business Director at 850-386-5550 or firstname.lastname@example.org.
Financial Aid Guidelines and Policy
Cornerstone Learning Community is committed to assisting families with demonstrated financial need whose children are offered admission. To enable us to do this with limited resources available, the following policies and guidelines have been adopted. CLC reviews all applications on a case-by-case basis. A student’s application for admission is not affected by his/her application for for Financial Aid. Priority is given to current families who adhere to the deadlines and have met all financial obligations to the school.
- Financial Aid is annual. Families must re-apply each year.
- All parents are required to apply for the Step Up for Students Income-Based Scholarship if applying for FAST.
- Parents must provide the CLC Business Office with a copy of their Letter of Determination (showing either an award, denial, or wait list notification) in order for your FAST application to be considered.
- FAST and Step Up for Students applications can be done concurrently and should be completed AS EARLY AS POSSIBLE to ensure all deadlines are met and funding is available.
- Once your FAST application is complete and all supporting documentation is verified, your FAST application will be placed on hold until your Step Up Letter of Determination is received by the CLC Business Office.
- FAST applications will not be considered until the Letter of Determination is received.
- All parents must complete the FAST application online and submit all required supporting documentation for verification. The FAST application window for the 2020-2021 Academic Year will open on January 1, 2020.
- Current families applying for assistance for the first time must provide FAST with a letter explaining the changes in their family’s financial situation. While we do what we can to make it possible for students to continue at CLC, we expect a family in this situation to make other adjustments to their family expenditures, in addition to seeking financial aid, to help cover the costs of tuition. When a family’s financial situation improves, the annual aid will be adjusted to reflect the positive gain.
- All parents will furnish FAST with a copy of their 2019 tax return, including all schedules and copies of W-2s and 1099s.
- If parents are separated or divorced, all paperwork, including FAST application and supporting documentation, is required from BOTH parents’ households. If the non-custodial parent refuses to submit the necessary paperwork to FAST, the application for financial aid may not be processed. If the custodial parent has not heard from the non-custodial parent in a period of time, a letter of verification from a disinterested party (minister, attorney, etc.) will be required. A copy of the divorce decree, custody paperwork, and child support agreement will be required as well.
- If there are stepparents, domestic partners, or other adults living in the household, the Financial Assistance Committee will consider all partners’ assets, liabilities, and income as we review the student’s financial situation.
- All parents who own a business/farm will be required to submit a copy of their 2019 business tax return including cash flow statements, balance sheets, and any other information relevant to the business.
- All tax documents must be signed. Parents should submit a complete tax return including all schedules.
- All parents must sign a release to allow Cornerstone Learning Community to obtain a copy of their 2019 tax return from the IRS (Form 4506-T).
- CLC will not consider ordinary business or rental depreciation or loss in calculating financial need.
- In the interest of equity, if one parent elects to stay home and not seek employment, the Financial Aid Committee with imput a basic income of $20,000 for the non-working parent. An exception is made if the parent is at home caring for a preschool age child or elderly parent.
- If a parent elects to return to school or to change jobs resulting in a decrease in a family’s resources, CLC cannot underwrite this family choice with greater financial assistance.
- If multiple children attend tuition-charging schools or colleges, it is expected that the family will be applying for Financial Aid at all schools. As CLC should not be expected to implicitly subsidize tuition at other schools or colleges, copies of any financial assistance applications to other schools must be submitted to FAST for verification.
- Families must submit all applications and forms including the FAST application and all supporting documentation by the specified deadlines or the request for Financial Aid cannot be processed.
- CLC reserves the right to request additional information or withdraw financial assistance from families at any time should discrepancies be discovered in the information provided.
- FAST application fees are non-refundable.
- Billing accounts must be in good standing with the CLC Business Office to be considered for Financial Aid for the upcoming academic year. Please contact the CLC Business Office to make payment arrangements for any past due balance on your account.
- CLC only extends financial assistance awards to students who have complete the applications and admissions process and have subsequently been enrolled at CLC. Families are welcome to apply for FAST prior to or during the admissions process to ensure that their application is submitted early. Once all supporting documents are received, their application will be placed on hold pending the completion of the admissions process. For more information about admissions at CLC, please contact our Admissions Director, Patty Backes, at 850-386-5550 or email@example.com.
- Confidentiality of Applications, Awards, and Decisions:
- Cornerstone Learning Community considers all student, family and financial information to be strictly confidential. This includes financial assistance application and award information. The Financial Aid Committee, made up of a small group of school administrators, maintains confidentiality over files and family information. Your personal financial information will not been seen by or shared with anyone outside of the CLC Financial Assistance Committee and the FAST verification office. Faculty and students are not informed of financial aid applications or decisions.
- Cornerstone Learning Community expects that families will exercise the same discretion regarding awards and decisions by not discussing your family’s award and/or decision on your application with others. Parents receiving financial assistance will be required to sign a confidentiality agreement between the family and the school before any awards will be given. If this confidentiality is breached, CLC maintains the right to retract your family’s financial aid award.